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Charity Navigator Awards AW Third Consecutive 4-Star Rating

American Whitewater has received a third 4-star rating from Charity Navigator,
America's largest and most-utilized independent evaluator of charities.

Dec 1, 2012, Charity Navigator announced that American Whitewater has earned its third
consecutive 4-star rating. Receiving four out of a possible four stars indicates that American
Whitewater adheres to good governance and other best practices that minimize the chance of
unethical activities and consistently executes its mission in a fiscally responsible way. Only 9%
of the nonprofits Charity Navigator rates have received three consecutive 4-star evaluations,
indicating that American Whitewater outperforms most other charities in America. This
“exceptional” designation from Charity Navigator differentiates American Whitewater
from its peers and demonstrates to the public it is worthy of their trust.

Charity Navigator works to advance a more efficient and responsive philanthropic marketplace by
evaluating the financial health of over 5,500 of America's largest charities. Ratings reflect
the organizational efficiency and organizational capacity examining financial records to evaluate
the balance and growth of such things as administrative expenses, fundraising expenses and
efficiency, primary revenue growth, program expense growth and working capital ratio.